Texas' largest power generator speeds up coal's decline with closure of two more plants
Wonder if somebody is going to tell Stupid#1 and Stupid#17 about this?
"Coal's decline in Texas accelerated this week as Luminant announced it would now close three coal-fired power plants in early 2018. Combined, they account for 12 percent of the state's coal power plant capacity.
The state's largest power generator revealed Friday that the Big Brown Plant southeast of Corsicana and Sandow Plant northeast of Austin would close next year. A week ago, Luminant announced it was shutting down its Monticello Plant near Mount Pleasant."
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"Luminant officials said cheap natural gas and Texas' competitive energy market has gradually made these decades-old plants unprofitable. The state has also seen a boom in wind energy (it leads the nation)and increases in solar.
"Though the long-term economic viability of these plants has been in question for some time, our year-long analysis indicates this announcement is now necessary," according to a statement from Curt Morgan, president and CEO of Luminant parent company, Vistra Energy Corp.
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"One of President Donald Trump's major campaign promises was to revive the U.S. coal industry and bring back jobs. And he and his appointees -- including Energy Secretary Rick Perry -- have described coal as an important foundation of the nation's electricity supply. Closing Sandow would cost about 450 jobs, which includes the nearby Three Oak Mine supplying the plant. Shuttering Big Brown and Monticello will each eliminate about 200 jobs. "
https://www.dallasnews.com/business/energy/2017/10/13/texas-largest-power-generator-speeds-coals-decline-closure-two-plants
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